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AREA REPORTS

Wright

Suburb Profile

Wright - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2611

house
unit

Figures from the previous quarter show that capital gains for real estate buyers in WRIGHT are low, as opposed to average gains per annum over the past five years.

This number can mean, real estate investors could earn a rental income of $660 based on current median home prices for the suburb.

On average, rents on listings have reached the $660 mark, reflecting a 4.16% increase in returns based on the current median price in WRIGHT.

WRIGHT, 2611 ranks 76th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 39th on the list of best yielding suburbs for rental properties in ACT, posting a 4.16% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $825,000 $403,000
GROWTH REPORT
Median Quarterly 3.13% 0.88%
Median 12 month -5.71% -4.73%
Median 3 years 1.85% -0.49%
Median 5 years 58.67% 6.62%
10 years average annual 7.39% -1.86%
Weekly media advert. rent $660 $460
Time on Market 89.2 days 83.1 days
Gross Rental Yield Percent 4.16% 5.94%
demographics (median values)
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